SPACE ID 3.0 Unveils ID Token Staking and Game-Changing Upgrades for Its Permissionless Name Service Protocol

New York, United States of America, November 3rd, 2023, Chainwire

SPACE ID, a pioneering name service protocol in the Web3 ecosystem, is proud to announce the launch of SPACE ID 3.0, a revolutionary upgrade that promises to empower every Web3 community to create their Top-Level-Domains (TLDs). This visionary initiative has sent ripples of anticipation throughout the Web3 community, with industry leaders and communities like PancakeSwap, Injective, Manta Network, and Genome announcing their plans to leverage this infrastructure for their Web3 domain services.

SPACE ID 3.0 represents a quantum leap in the world of Web3 domains, offering a host of innovative features and tools that are set to redefine the way communities and developers interact with Web3 domains. In this press release, we highlight some of the key features of SPACE ID 3.0.

Easier Web3 Domain Creation

Creating a Web3 domain has historically been a complex and time-consuming process. SPACE ID 3.0 introduces the One-Stop Domain Issuance Toolkit, streamlining domain creation and making it accessible. Users can provide essential details, parameters, and media files through a user-friendly form, allowing SPACE ID 3.0 to simplify the domain creation process.

Built-in NFT Marketplace

SPACE ID 3.0 deploys an infrastructure that grants all Top-Level Domains (TLDs) access to a dedicated domain NFT marketplace, enabling seamless domain name trading. This platform consolidates domains from various sources, including OpenSea, Element, ENSVision, and more, offering a one-stop hub for discovery, acquisition, and listing.

Enhanced Domain Management

With the SPACE ID 3.0 upgrades, a more robust domain management system is introduced, giving users control over their domains. This newfound flexibility allows users to set up various records, including avatars, social information, and multi-chain addresses, simplifying domain management across different chains and TLDs.

Web3 Name SDK/API

SPACE ID introduces a comprehensive Web3 Name SDK with features designed to facilitate domain name resolution and reverse resolution, empowering developers to harness the full potential of SPACE ID 3.0 for their applications. The SDK supports various TLDs and dynamically accommodates new TLDs as they are verified, ensuring seamless integration for domain name resolution and reverse resolution.

Genome - .GNO Domains Connecting Gnosis

Genome, one of SPACE ID 3.0's launch partners, is focused on creating a digital-ID product centered around .GNO domains on Gnosis Chain. This partnership seamlessly integrates communities, dApps, and utilities native to Gnosis Chain while linking .GNO domains with ENS. The testnet for Genome is now live, providing users an early opportunity to experience Testnet .GNO domains.

SPACE ID 3.0 allows users to launch their Top-Level Domains (TLDs). To express interest and receive guidance on the domain launch process, the SPACE ID team welcomes community members to reach out on Discord.

Please note that initiating the domain launch process requires a stake of 10,000 $ID tokens, which play a crucial role in the domain ecosystem.

About SPACE ID

SPACE ID is building a universal name service network with a one-stop identity platform to discover, register, trade, and manage web3 domains. It also includes a Web3 Name SDK & API for developers across blockchains and provides a multi-chain name service for everyone to build and create a web3 identity easily.

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SPACE ID
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